Mexico's Grupo KUO talks 10-year dollar-denominated notes at 6½% area

By Christine Van Dusen

Atlanta, Nov. 28 - Mexico's Grupo KUO SAB de CV set price talk at the 6½% area for its planned dollar-denominated offering of 10-year notes, a market source said.

Credit Suisse, Citigroup and Bank of America Merrill Lynch are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to fund a tender offer for the company's outstanding 9¾% notes due in 2017.

Pricing is expected to take place by the end of the week.

Grupo KUO is a Mexico City-based chemical, automotive and food conglomerate.

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